JasonC

Gold, Silver and Deflation

Instead of foolishly guessing wildly about the next stamping herd and rushing after it to the same collosal losses as the last five such herd stampeded caused, how about instead noticing that they never, ever work?

Gold is a bubble and it goes smash. Look at the 5 years chart and compare to every other commodity on the planet. We go to $650 and then we work sideways while the true believers hope against hope that the next move after that is up. Instead it is dead money for several years at that lower price.

Meanwhile, investment grade spreads of 7-8% go begging. Why? Because very silly people are more interested in guessing where the whole dumb herd might run next.